Date Account Titles and Explanation Debit Credit

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 14GI
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Selected transactions for Concord’s Dog Care are as follows during the month of March.

March 1   Paid monthly rent of $1,320.
3   Performed services for $150 on account.
5   Performed services for cash of $85.
8   Purchased equipment for $660. The company paid cash of $90 and the balance was on account.
12   Received cash from customers billed on March 3.
14   Paid wages to employees of $580.
22   Paid utilities of $80.
24   Borrowed $1,650 from Grafton State Bank by signing a note.
27   Paid $240 to repair service for plumbing repairs.
28   Paid balance amount owed from equipment purchase on March 8.
30   Paid $1,980 for six months of insurance.


Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Date Account Titles and Explanation Debit Credit
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